- Iconic centrally located CBD office building together with rare 5 level car park
- Strategic corner site of 1,469m2* with vast potential for additional income and future use
- Extensive refurbishment and Capex work already undertaken
- National tenants including Jetts fitness Australia and law firms Gilchrist Connell and Sparke Helmore
- NABERS 3 stars with scope for 4.5 stars
- Genuine development/investment upside
- 5 level car park comprising ground retail and 4 upper levels of parking with development potential for 11 storeys of apartments.
- Building area of 6,017.6m2* comprising 7 levels of office (average floor plate 695m2*), Basement and ground floor retail
Astute purchasers will recognise the benefits of a significant upside of this offering including outstanding development options for the site which, subject to normal statutory consents, may include;
- Major Sky Scraper (future development) - of 30+ floors comprising Premium office accommodation, additional car parking and 2 floors of Penthouse apartments.
- Improving NABERS stars- by securing tenants for the remaining 2,358sqm*, we have been advised by a renowned energy specialist that the building could achieve a 4.5 to 5 NABERS.
- Whether for short to medium term redevelopment of the site, medium term speculation in this tightly held precinct or some other option for the site is easy to recognise the trophy nature of the property amongst some of the most tightly held real estate in the Adelaide CBD.
For Sale by Expressions of Interest closing 5pm (ACDT) Friday March 3rd 2017
0411 883 338